Global Commercial Roofing Materials Market is estimated to reach $10 billion by 2024; growing at a CAGR of 3.6% from 2016 to 2024. Commercial roofing includes abundance of roofing solutions applied on a building’s outdoor structure. These roofing materials can be prepared from various materials such as wood, asbestos, rubber, stone slabs, and others. Various application areas such as offices, hotels, malls, and medical centers pose a huge demand for commercial roofing materials.

Rise in disposable income, growing urbanization, and increasing commercialization are the major factors driving the global commercial roofing materials market. However, rising price of volatile crude oil and other energy sources used in manufacturing process are expected to restrain the market growth. Rising demand of roofing products in construction of green buildings would provide several growth opportunities for the market in coming years.

The global commercial roofing materials market is bifurcated by building type and materials type. The segmentations by building type include steep sloped roofing and low sloped roofing. By materials type, the global commercial roofing materials market is further segmented into single ply products, modified bitumen materials, spray polyurethane foam, built-up roofing, metals and others. By building type, low sloped roofing accounted for more than two-third of the total market revenue in 2016. Steep sloped roofing is expected to grow at the fastest CAGR from 2016-2024, driven by rising office, retail, and lodging construction spending. Geographically, the market is categorized into North America, Europe, Asia-Pacific and Rest of the world.

Based on geography, the market has been segmented into North America, Europe, Asia-Pacific and RoW. The U.S., Mexico and Canada are covered under North America wherein Europe covers France, Germany, UK, Spain, Italy, and others. Asia-Pacific covers China, India, Japan, Australia, South Korea and others. Rest of the World (RoW) covers South America, Middle East and Africa.